Tribune News Service
Business Budget for Friday, June 7, 2019
Updated at 2 p.m. EDT (1800 UTC)
Adds AUTO-MOTORMOUTH-QA:TB, AUTO-HOOD:MCT, NASA-SPACESTATION:OS, USCHINA-TARIFFS:CON
This budget is now available at www.TribuneNewsService.com, with direct links to stories and art. See details at the end of the budget.
^Ride-sharing was supposed to cut traffic congestion and supplement public transit. But has it worked?<
RIDESHARING-CONGESTION:TB — Ride-share companies like Uber and Lyft promised they would supplement public transit and help ease traffic congestion.
But data collected by the city and now made public shows almost half of Chicago's millions of monthly ride-share trips are taking place in just a few wealthy, crowded and already transit-rich areas.
1800 by Mary Wisniewski and Jennifer Smith Richards in Chicago. MOVED
^Boeing turns to high-powered defense attorneys in 737 Max investigation<
^BOEING-PLANE-ATTORNEYS:SE—<As Boeing responds to a federal criminal investigation related to the 737 Max, the company has assembled a deeply connected defense team headed by one attorney who represented Vice President Mike Pence in the Russian interference investigation, another who has served as the nation's deputy attorney general and a third who played a central role in the Russian probe and the Supreme Court nomination of Brett Kavanaugh.
The behind-the-scene roles of such powerhouse lawyers reflect the high stakes for Boeing. It is simultaneously seeking to convince regulators and the public that the 737 Max can be safely returned to the skies, while quietly maneuvering through a legal thicket as U.S. Justice Department attorneys aggressively examine how the jet was originally deemed safe before two deadly crashes.
1150 by Steve Miletich in Max. MOVED
^OTHER BUSINESS NEWS <
^Airbnb, NAACP partner to get more people of color to become Airbnb hosts<
AIRBNB-NAACP:SE — Lennox Mat Sinde's modest house in West Seattle has seen everyone from businesspeople to short-term interns since he signed up for Airbnb in 2017. And the money he makes from renting out a couple rooms is going to his next big investment.
"In a place as expensive as Seattle, anything folks can do to make extra income is welcome," said Mat Sinde, who is black. "It goes straight into my savings account and helps me with the down payment of my next property."
Airbnb launched a program with the NAACP's Seattle Chapter this week to recruit more people of color to become hosts on the homesharing company's site. Airbnb touted benefits such as broadening the economic impact of visitors outside of the tourist hotspots and bringing in more money for hosts who have a room or two to spare.
600 by Keerthi Vedantam in Seattle. MOVED
^YouTube's purge of white supremacist videos also hits anti-racism channels<
^YOUTUBE-PURGE:LA—<YouTube's campaign against hateful and racist videos is claiming some unintended victims: researchers and advocates working to expose racist hatemongers.
A video published by the Southern Poverty Law Center was among those taken down after the company announced plans Wednesday to remove more videos and channels that advocate white supremacy.
The civil rights advocacy group received an email notification early Thursday that a video of journalist Max Blumenthal interviewing prominent British Holocaust denier David Irving was removed from the SPLC's YouTube channel.
750 by Suhauna Hussain and Samantha Masunaga. MOVED
^No, Atlantic editor Jeffrey Goldberg was not misquoted in Nieman Lab<
^ATLANTIC-WOMEN-WRITERS:LA—<There is the word. And then there is Twitter.
An interview with Atlantic editor-in-chief Jeffrey Goldberg and executive editor Adrienne LaFrance in Nieman Lab about the 162-year-old publication's efforts to include more women in its ranks exploded on Twitter, after Goldberg opined on the difficulty of finding women who could write 10,000-word cover stories.
At once, Goldberg was blasted for seeming to imply that the problem lay in the talent pool. As he was quoted in the article:"It's really, really hard to write a 10,000-word cover story. There are not a lot of journalists in America who can do it. The journalists in America who do it are almost exclusively white males."
400 by Stacy Perman. MOVED
^Walmart to begin direct to your fridge grocery delivery this fall<
WALMART-GROCERY-DELIVERY:DA — Walmart is ready to deliver groceries straight to your refrigerator or kitchen counter.
After a six-month test in New Jersey, Walmart U.S. ecommerce CEO Marc Lore said the retailer now understands the level of trust customers need to let a stranger into their homes.
The InHome service will begin this fall, reaching a combined 1 million households in Kansas City, Pittsburgh and Vero Beach, Fla.
300 by Maria Halkias in Bentonville, Ark. MOVED
^NASA opens International Space Station to businesses and private citizens who want to go to space<
^NASA-SPACESTATION:OS—<The International Space Station is open for business.
Picture it: A few years down the road, the station may no longer be completely under NASA's purview, but instead run by a myriad of Earth-based businesses that test their technologies and manufacture things in space, all while sending their private astronauts for stays on the orbiting laboratory.
NASA is laying the groundwork for that future now, with a new policy that outlines the unprecedented opportunities it'll make available for commercial businesses that want to take advantage of the station's capabilities.
400 by Chabeli Herrera. MOVED
^Trump's tariffs on China won't have much of an effect, IMF says<
USCHINA-TARIFFS:CON — China appears able to bear the cost of the Trump administration's tariffs on imports, with little evidence of an economic slowdown, according to a survey by the International Monetary Fund.
The IMF found that the U.S. tariffs so far on imports from China would shave only about 0.2% from growth, forecasting GDP growth of 6.2% in 2019. The strength of China's economy and the government's ability to respond to the tariffs may call into question President Donald Trump's assertion that China would be hurt by the levies.
500 by Mark Bocchetti in Washington. MOVED
^AUTO STORIES <
^GM to test airless, puncture-proof tires on Michigan roads<
AUTO-TIRES:DE — General Motors plans to give car buyers an airless tire on vehicles starting in 2024.
The automaker is teaming with Michelin and this week introduced the Michelin Uptis prototype at the Movin' On Summit for sustainability in Montreal. Uptis stands for Unique Puncture-proof Tire System, GM said.
250 by Jamie L. LaReau in Detroit. MOVED
^AUTO REVIEWS <
^Auto review: The 2019 Lexus UX 200 provides a mixed user experience<
^AUTO-UX200-REVIEW:MCT—<So much in life is made easier by technology, at least when it delivers a good user experience, known in the tech world as UX — a term known by everyone under a certain age. So, given that Lexus's new entry level vehicle is called the UX 200, you'd expect it to deliver one.
It does, as long as you have modest expectations.
Looking more like a raised hatchback than a true SUV, the UX 200's stance is no different from its many competitors', including the BMW X1, Mercedes-Benz GLA, Audi Q3, Volvo XC40 and Infiniti QX30. But its appearance is uniquely aggressive, thanks to Lexus' current design direction.
1000 (with trims) by Larry Printz. MOVED
^Mazda 3 hatch has the looks and moves<
^AUTO-MAZDA3-REVIEW:DTN—<In the middle of the New York auto show floor each year sits the exotic car stand featuring the latest from storied makes like Lamborghini, Bentley, Bugatti and Koenigsegg. It's hard to notice anything else nearby.
Yet Mazda, with its stunning Kai Concept, managed to compete
This luscious, candy-red hatchback was a show-stopper. I didn't know whether to stare at it or lick it. Like the Cadillac Escala or Buick Avista concepts, the Kai Concept design study signaled the Mazda's future. But it was hard to believe this work of art could become a $25,000 production car.
1200 by Henry Payne. MOVED
^New BMW and KTM motorcycles are very different, but meet at the same sweet spot<
^AUTO-MOTORCYCLE-REVIEW:LA—<In the titanic battle between German motorcycle giant BMW and its Austrian counterpart KTM, BMW has dominated the big-bike segment while KTM has eclipsed all rivals in the small-bore niches.
BMW's R 1250 GS and GSA remain the machines of choice for touring adventurers who think they may want to do some off-roading, while KTM's SX, EXC and XC bikes have eaten everyone's lunch in the 250, 350 and 450cc categories.
Now the fight has shifted to the middle, which is great news for consumers. Both companies are increasing their offerings of midsize motorcycles — BMW an 850 GS and KTM a 690 Enduro R.
They're completely different, and they are both stupendous.
1100 by Charles Fleming. MOVED
^DAILY MARKETS GRAPHIC <
Find here a daily Wall Street roundup graphic featuring Dow Jones Industrial Average, S&P 500 and Nasdaq data.
The 1-column x 4-inch graphic, Wall Street, will be posted by 6:30 p.m. EDT Monday through Friday.
To find the graphic, visit the Graphics section of TribuneNewsService.com.
Those with questions regarding the graphic should contact the graphics team at 312-222-4131 or email@example.com.
These features regularly move on Friday:
^Motormouth: Government has not adopted new rule for shatterproof car windows<
^AUTO-MOTORMOUTH-QA:TB—<I recently saw something online about a new federal standard requires all passenger compartment windows to be laminated shatterproof glass. As a retired first responder (36 years with FDNY), I can recall many times that we had to break a passenger window to remove a victim suffering a medical emergency or a child or even a poor dog in a locked overheating car.
Is this true or is it just another internet rumor? If it is true, it would seem that the regulators did not give it complete thought.
650 by Bob Weber. MOVED
^Under the Hood: Diagnosing car's problem requires careful experimentation<
^AUTO-HOOD:MCT—<My son has 2014 2.0 L Kia Forte. Sometimes it seems to buck/shudder or feel sluggish at certain speeds. On the highway it's fine. He has had full electronic analysis done on the car and has not found a solution or any codes or errors. I've driven it, and it almost feels like it's in too high a gear for the rpm the motor is at. I suspect it has something to do the transmission but I haven't been able to find any information on how the transmission works on this car. Overall, he really likes the car but is frustrated. The local KIA dealer was no help at all. Any help would be greatly appreciated.
650 by Brad Bergholdt. MOVED
^The Week Ahead: The power play in portfolios and politics<
^WEEKAHEAD:MI—<Congress is not known for working fast, but only a week after disclosing it an opened an antitrust investigation into big technology companies, a House committee will hold its first public hearing.
On Tuesday, the House Judiciary Committee's panel on antitrust will begin its public dissection of the market power of massive tech companies like Facebook, Google, Amazon and Apple. The focus in this first hearing is "the Free and Diverse Press," according to the subcommittee's hearing notice. There will be more hearings in the future.
350 by Tom Hudson. MOVED
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